SEC v. North East Capital and LLCand Anthony T. Vicidomine (unregistered distributions, 2013)

Settled

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In 2013 the SEC settled an administrative order against North East Capital, LLC and Anthony T. Vicidomine for misappropriated fund fees and an unregistered fund offering, with a $150,000 penalty and $189,415 disgorgement.

The record

What was ordered

Civil penalty

$150k

Disgorgement

$189k

Prejudgment interest

—

Total relief

$339k

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

On August 16, 2013 the SEC accepted settlements with North East Capital, LLC, an unregistered investment adviser, and its principal Anthony T. Vicidomine. The order finds that from November 2011 to March 2012 he took $189,415 of the fund's assets as unearned incentive fees, and that the fund raised money in an offering that violated Securities Act Section 5, alongside Advisers Act and Investment Company Act violations. The record previously showed the respondent as 'North East Capital' and 'LLCand Anthony T. Vicidomine'.

This library tags the matter as unregistered distributions, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2013-08-16 Administrative proceeding instituted (cease-and-desist)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.